Contacts

Hunter Myers

SVN | Second Story Real Estate Management

Property Details

Property Type Retail - Street Retail
Property Size 8,320 SF
Lot Size 1.03 Acre
Additional Rent Contact for pricing
Building Class C
Year Built 2012
Date Updated Dec 11, 2024

Introducing a prime investment opportunity in Red Bank, TN (Chattanooga MSA). NNN single-tenant property featuring a Corporate Lease with Family Dollar, a renowned retailer with a strong investment-grade credit rating. Situated on a spacious 1.03-acre hard corner site, this property boasts a long-term occupancy with a recently exercised option. 11 year operating history in this location. There are no realistic relocation options in the market for Family Dollar to relocate to making this a very strong long term investment! This family-friendly retailer, Family Dollar, operates over 16,000 stores nationwide and offers an array of essential merchandise at budget-friendly prices for the whole family. With consistent rent increases and limited landlord responsibilities, this property provides a secure income stream for investors. Located in the growing Chattanooga MSA, this tax-free state investment promises stability and growth potential.Corporate lease with Family Dollar (Ticker: FBO, NASDAQ) with an investment grade credit rating of BBB by S&P. • Company has approximately 16,000 stores and revenue of $10.5 Billion in FY-2021.

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Highlights

Long-Term Occupancy & Recently Exercised 5-Year Option
• Excellent Real Estate with multiple access points in a trade area with zero relocation options
• Growing Chattanooga MSA
• Tax Free State
• 1.03 Acre Hard Corner Site

Getting around

36/100
Walk Score ®
40/100
Bike Score ®

Powered by Walk Score ®

Location

City Chattanooga, TN
Neighborhood Red Bank
Zip Code 37415
Market Chattanooga

Points of Interest

East Chattanooga

4.02 miles
Grand Junction

6.17 miles

Gas To Go

0.63 miles
RaceWay

1.10 miles
Walmart

1.11 miles
Kangaroo Express

1.39 miles
76

1.88 miles
BP

2.01 miles
Harry's #23

2.02 miles
ChargePoint

2.09 miles
Gas'N Go

2.11 miles
Electrify America

2.48 miles

Stringers Ridge Parking

0.89 miles
CCA lot

0.90 miles
CCA Lot

0.99 miles
Renta car lot

1.78 miles
Red Bank Student Parking

2.28 miles
red bank pool parking lot

2.28 miles
Republic Parking Lot

2.60 miles
Republic Parking

2.75 miles

Bojangles'

0.03 miles
Marco's Pizaa

0.08 miles
McDonald's

0.11 miles
Taco Bell

0.34 miles
Amigos

0.43 miles
Wendy's

0.49 miles
Sabor Modern Latino and Sushi

0.57 miles
Crust Pizza

0.61 miles
Waffle House

0.65 miles
Chattanooga Seafood Company

0.66 miles

Save-A-Lot

0.06 miles
ALDI

0.93 miles
Food City

1.13 miles
Walmart Supercenter

1.17 miles
Walmart

1.17 miles
Publix

1.81 miles
Whole Foods Market

1.94 miles
Big Lots

3.18 miles
Walmart Neighborhood Market

3.23 miles
Pruetts

3.41 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.